Richard D. Lynch - Mar 6, 2022 Form 4 Insider Report for HESS CORP (HES)

Role
Senior Vice President
Signature
Barry Schachter for Richard D. Lynch
Stock symbol
HES
Transactions as of
Mar 6, 2022
Transactions value $
-$190,778
Form type
4
Date filed
3/8/2022, 08:16 PM
Previous filing
Feb 3, 2022
Next filing
Mar 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HES Common Stock, $1.00 par value Award $0 +3.46K +7.28% $0.00 51K Mar 6, 2022 Direct
transaction HES Common Stock, $1.00 par value Sale -$191K -1.94K -3.8% $98.39 49K Mar 7, 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HES 2022 Performance Share Unit Award $0 +9.16K $0.00 9.16K Mar 6, 2022 Common Stock, $1.00 par value 18.3K $0.00 Direct F3, F4
transaction HES Option to purchase Common Stock Award $0 +2.95K $0.00 2.95K Mar 6, 2022 Common Stock, $1.00 par value 2.95K $101.17 Direct
transaction HES Option to purchase Common Stock Award $0 +2.95K $0.00 2.95K Mar 6, 2022 Common Stock, $1.00 par value 2.95K $101.17 Direct
transaction HES Option to purchase Common Stock Award $0 +2.95K $0.00 2.95K Mar 6, 2022 Common Stock, $1.00 par value 2.95K $101.17 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold solely to satisfy tax withholding on vesting of shares of restricted stock.
F2 This amount includes 8,293 shares held in escrow pursuant to the Corporation's Long Term Incentive Plans. The reporting person has only voting power of these shares until lapsing of the period set by the Committee administering the Plans at which time the shares plus accrued dividends will be delivered to the reporting person if the reporting person is still an employee of the Corporation.
F3 Each Performance Share Unit entitles the holder to a payout of shares of Hess common stock equal to between 0% and 200% of such Performance Share Unit depending on the relative performance of the total shareholder return of Hess common stock compared with that of its peers over a three year performance period ending December 31, 2024, as more particularly described in the applicable award agreement.
F4 Not applicable.